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Bank of America Declares Preferred Stock Dividends for October and November 2026

Bank of America Corporation has made an important announcement regarding its preferred stock dividends. On September 18, 2026, the company's Board of Directors approved the distribution of cash dividends on several series of the bank's preferred stock, which are scheduled to be paid in October and November 2026. This decision reflects the bank’s ongoing commitment to providing value to its shareholders.

Details of the Dividends

The approved dividends pertain to the following series of preferred stock:
1. 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L
- Dividend per Share: $18.125
- Record Date: October 1
- Payment Date: October 30

2. 5.875% Non-Cumulative Preferred Stock, Series HH
- Dividend per Share: $0.3671875
- Record Date: October 1
- Payment Date: October 26

3. 4.375% Non-Cumulative Preferred Stock, Series NN
- Dividend per Share: $0.2734375
- Record Date: October 15
- Payment Date: November 3

4. 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO
- Dividend per Share: $16.5625
- Record Date: October 15
- Payment Date: November 2

5. 4.125% Non-Cumulative Preferred Stock, Series PP
- Dividend per Share: $0.2578125
- Record Date: October 15
- Payment Date: November 2

6. 4.375% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series RR
- Dividend per Share: $10.9375
- Record Date: October 1
- Payment Date: October 27

7. 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series TT
- Dividend per Share: $15.3125
- Record Date: October 1
- Payment Date: October 27

8. 6.250% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series UU
- Dividend per Share: $15.625
- Record Date: October 1
- Payment Date: October 26

Note: Each series of preferred stock, with the exception of Series L, is represented by depositary shares.

Bank of America's Role in Finance

Bank of America is recognized as one of the premier financial institutions globally. The bank caters to individual consumers, small and middle-market enterprises, and large corporations, offering a comprehensive suite of banking, investment, asset management, and various financial services. With an extensive network of around 3,500 retail financial centers, and approximately 15,000 ATMs, the institution prides itself on providing flexibility and innovation to around 69 million clients in the United States alone.

The bank's prowess extends into wealth management and corporate investment banking, maintaining strong relationships with corporations, governments, and institutions worldwide. Notably, Bank of America is the leading small business lender in the U.S., reinforcing its position as a key support system for small scale entrepreneurs and businesses through a variety of convenient online tools and resources.

Conclusion

This quarterly announcement of preferred stock dividends not only underscores Bank of America's financial health but also demonstrates its ongoing commitment to shareholder value. Investors and shareholders can find this assurance particularly reassuring in an often fluctuating market. The dividend distributions are sure to enhance investor confidence as the company prepares for a strong finish in 2026.

For more information, shareholders and potential investors are advised to monitor official communications from Bank of America to stay updated on any additional financial announcements that may arise in the upcoming months.